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20130115
20130115
Search Results 0 to 7 of about 8 (some duplicates have been removed)
of the discussion around the debt ceiling discussion, around the debt ceiling extension, and i share lou's view that, you know, this is really the height of irresponsibility that we're sitting here discussing whether the united states should default or not on its debt which is debt that has been incurred as a result of spending that has been approved by both bodies of congress and signed by the president of the united states, and i mean, there's 535 members of congress. i awe sure you that not a -- i assure you that not a single one of them if confronted with a credit card bill that they didn't like would simply say i'm not going to pay that because they know that the implications for their credit rating, the access to future bank loans would be affected for 10, 15, 20 year, and so it's appalling we're sitting here discussing whether we would do that with, you know, this country that we're all so incredibly proud of so -- >> let me, the last question, try to be a little bit provocative here. folks like allen blinder, very well-republic -- well-respected economist, peter diamond, and blanking the "ne
heard talk in the republican conference about a one or two or three month extension on the debt ceiling. and on a continuing resolution for the budget to run the government. is that one to three month solution not still on the table? >> well, larry, we're proposing a number of different solution, both short term and long term. frankly, president obama needs to start rolling up his sleeves and focusing on both instead of sitting over in the white house and kind of throwing out all the threats to everybody across the country and running around campaigning as if he's still running for office. you know, the election is over. president obama actually has to start governing and addressing the problems and frankly the spending problem is one of the biggest reasons right now why we're in this dilemma. >> you're still going full bore on the spending sequester? full bore, spending sequester? >> we need to address the spending problem in washington from many different fronts. that's one of those fronts. there are a lot of others. and again, president obama refuses to talk about any of them. he doe
an extension of the debt ceiling, that's not an act of courage. it's an act of sheer hypocrisy and an act of coward es. these same republicans have voted to spend. they voted for spending bills to send money to afghanistan, to send money to iraq, to send money into their own districts, to give money to oil companies. they've already voted for these spending bills, and now they're saying when it's time to actually pay the bill for their votes wropt to do it. it's the equivalent of anybody who goes to put something on their credit card and then calls the credit card company and says even though i bought it and used it, i don't feel like paying for it. i can understand them voting against spending. that's one thing. but don't vote for spending and then say i refuse to pay the bill and threaten the full faith and credit of the united states government, trigger an increase in interest rates, and thwart our economic recovery. that is just irresponsible. it is hip critical, and it is what is wrong with washington and it will fundamentally hurt our economy to make some cheap partisan hypocritical
-to-three- month extension to the debt ceiling -- whatever congress sends you, you're okay with it? >> no, not whatever congress sends me. they're going to have to send me something that's sensible. and we shouldn't be doing this -- >> -- and we shouldn't be doing this on a one to three-month timeframe. why would we do that? this is the united states of america, major. what, we can't manage our affairs in such a way that we pay our bills and we provide some certainty in terms of how we pay our bills? look, i don't think anybody would consider my position unreasonable here. i have -- >> but why does it presuppose the need to negotiate and talk about this on a daily basis? because if default is the biggest threat to the economy, why not talk about it -- >> major, i am happy to have a conversation about how we reduce our deficits. i'm not going to have a monthly or every-three-months conversation about whether or not we pay our bills. because that in and of itself does severe damage. even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having th
, will they shut down the government. >> no, not over the debt ceiling. they may over the continuing resolution this is not their best vehicle. my guess is what they will probably have to do is give him a short-term extension. and then see if the senate will go along. they being of course the house republicans and just try to prolong this fight for a while. they don't want to have-- not shutting down the government is really spooking the credit markets and everything that major talked about a moment ago. and how the president would handle short-term extension is another matter. i think that would back him into a corner. he also ran into a problem because both in response to major and in response to julianna goldman he said i'm to the going to negotiate over this. if they want to have a conversation, i'll be happy to have a conversation. i'm not quite clear sure how he distinguish between conversations and negotiations. here. so i think this is only one of a number of pieces that are going to be played out in the next couple months. in many ways the continuing resolution and so-called sequester,
Search Results 0 to 7 of about 8 (some duplicates have been removed)